NewEdge Wealth LLC Makes New Investment in Golub Capital BDC, Inc. $GBDC

NewEdge Wealth LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,825 shares of the investment management company’s stock, valued at approximately $539,000.

Several other institutional investors have also recently made changes to their positions in GBDC. Main Street Group LTD purchased a new position in shares of Golub Capital BDC during the 1st quarter valued at about $47,000. Fifth Third Bancorp purchased a new stake in Golub Capital BDC in the 1st quarter worth approximately $68,000. Trust Co. of Vermont purchased a new stake in Golub Capital BDC in the 2nd quarter worth approximately $77,000. Advisory Services Network LLC bought a new stake in Golub Capital BDC during the 3rd quarter worth approximately $77,000. Finally, Clearstead Advisors LLC raised its stake in Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares during the period. Institutional investors own 42.38% of the company’s stock.

Insider Buying and Selling at Golub Capital BDC

In related news, Director Lawrence E. Golub sold 1,676,387 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GBDC. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Royal Bank Of Canada decreased their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Oppenheimer restated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Golub Capital BDC Stock Down 0.1%

Shares of GBDC opened at $13.20 on Friday. The business’s 50 day moving average is $12.89 and its 200 day moving average is $12.83. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $14.93. The company has a market capitalization of $3.43 billion, a PE ratio of 20.31 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The business had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. During the same period in the prior year, the company posted $0.39 EPS. Research analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s payout ratio is 203.08%.

Golub Capital BDC Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.